Journal of Globalization and Development
Ed. by Stiglitz, Joseph / Emran, M. Shahe / Guzman, Martin / Jayadev, Arjun / Ocampo, José Antonio / Rodrik, Dani
2 Issues per year
This paper proposes the creation of a substitution account within the IMF into which official holders of dollar reserves could deposit a portion of those reserves in exchange for Special Drawing Rights (SDRs), the Fund's own quasi currency. It argues that this innovation would greatly improve the functioning and stability of the international monetary system by precluding reserve-currency diversification by official holders of dollar reserves.
Here you can find all Crossref-listed publications in which this article is cited. If you would like to receive automatic email messages as soon as this article is cited in other publications, simply activate the “Citation Alert” on the top of this page.